COP23: Update on the AfDB’s Climate Actions 2017

13/11/2017
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COP23: Update on the AfDB’s Climate Actions 2017

A panel on the African Development Bank’s Climate Actions in 2017 was held on Sunday, November 12, as a pre-forum of the COP23 Nationally Determined Contributions (NDC) Partnership Forum at Deutsche Welle in Bonn, Germany. The event was designed to update stakeholders on the Bank’s activities and achievements in the climate change space in 2017 as well as to inform stakeholders of some exciting new initiatives.

Anthony Nyong, the Director of the Bank’s Climate Change and Green Growth Department, introduced the Africa NDC Hub. The Africa Nationally Determined Contributions (NDCs) Hub serves a resource pool for African countries together with local and international support institutions – public and private – to deliver on the Paris Agreement commitments in an effective and efficient manner. The initiative was launched on COP23 Africa Day held on November 15. The NDC Hub now has 13 partners including International Trade Centre (ITC) and 4C Maroc: Centre de Compétences Changement Climatique du Maroc, who joined following the launch.

The second presentation was made by Gareth Phillips, Chief Climate and Green Growth Officer at the African Development Bank, on the subject of the Adaptation Benefit Mechanism (ABM). ABM is a mechanism to provide a price signal to private-sector investors to develop adaptation projects. Phillips explained the importance of this kind of initiative: “Most of African countries have prioritized adaptation over mitigation in their NDCs but there is no transparent way of addressing this need. Supporting adaptation projects, with mitigation co-benefits, will help countries achieve their NDCs and raise their ambition.”

Al Hamdou Dorsouma, Division Manager for Climate Adaptation and Green Growth at the African Development Bank, presented the Bank’s recently approved Climate Change Action Plan II (CCAP2) for 2016-2020. The CCAP2 aims to enable the achievement of “low- carbon and climate-resilient” development in Africa. It is designed to incorporate the Bank’s High 5 priorities in the Paris Agreement, the 2030 development agenda, the Bank’s Green Growth Framework and the lessons learned in the implementation of the first climate change action plan (CCAP1), 2011-2015.

On behalf of Louise Brown, Africa Climate Change Fund (ACCF) Coordinator, Phillips concluded the session describing the results of the recent ACCF call for proposals. The Multi-Donor Trust Fund provides small grants to support African countries to scale up access to climate finance in line with their NDCs to enable a transition to climate resilient and low carbon development.

The ACCF launched the second call for proposal in July. Over 1,000 concept notes were received. Funding requests from eligible concept notes totalled over US $300 million and the best 40, which have been selected for development to full proposals for the final round of selection, are seeking in excess of US $30 million.

The panel received questions from an enthusiastic group of apporximately 30 stakeholders.